cheap accountants - corporation tax 2

We complete the annual company accounts and associated company tax return for a number of clients throughout the year. Once completed and submitted clients then often ask us how they can actually pay the corporation tax due. Making payment is a fairly simple process and this blog post will elaborate on exactly how all limited companies can make payment to HMRC for corporation tax due.

Payment methods

As you might expect HMRC offer a number of payment methods and these are details below:

Online or Telephone Banking

You can make payment via your online or telephone banking facility to the following details:

Account Name: HMRC Cumbernauld

Sort Code: 08 32 10

Account Number: 12001039

Reference Number: This is your 17 character payslip reference for the period you’re making payment for.*

*The correct payment reference can be found at the bottom of the letter posted out to the limited company requesting a corporation tax return to be submitted. You will find a payment slip at the bottom of this letter.

*You can also locate the correct payment reference through your HMRC online account if you have registered with HMRC for Corporation Tax online. Simply click ‘View Account’ and then click ‘Accounting Period’.

Online or Telephone Banking – Overseas Bank Account

If you make a payment from an overseas bank account you will need the following details:

IBAN: GB62BARC20114770297690

BIC: BARCGB22

Online with a Debit Card or a Credit Card

You can pay online directly to HMRC by clicking on the following link: https://www.tax.service.gov.uk/pay-online/corporation-tax

To complete the payment via the HMRC online payment page you will need to enter the following:

1. Your 17 character payslip reference (as explained above)

2. The total amount of corporation tax due

Cheaper Accountant is the UK’s leading affordable accountants and we offer the completion and submission of annual company accounts and company tax return from as little as £100.